Target Co. (NYSE:TGT) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Target Co. (NYSE:TGT) by 499.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,657 shares of the retailer’s stock after purchasing an additional 187,199 shares during the period. Pacer Advisors Inc.’s holdings in Target were worth $30,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC raised its holdings in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. MCF Advisors LLC boosted its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of Target in the third quarter valued at approximately $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 3.3 %

NYSE:TGT opened at $142.44 on Tuesday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The stock’s fifty day moving average is $134.37 and its two-hundred day moving average is $144.79. The stock has a market capitalization of $65.27 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 earnings per share. Research analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.15%. Target’s dividend payout ratio is presently 47.51%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Bank of America dropped their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. TD Cowen reduced their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Guggenheim boosted their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus price target of $158.57.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.